MEXICO CITY, Feb 26 (Reuters) - Shares in Mexican low-cost airline Volaris fell more than 10 percent on Wednesday, the day after it published weak fourth-quarter results, before paring losses.

The airline, which debuted on Mexico's stock exchange in September, reported a net loss on Tuesday of 97.1 million pesos ($7.3 million) for the three months to end-December, with revenue falling 1.1 percent.